Capital GAins Tax rates are as follows:
0 to 100000 Rate is 5%
above 100000 Rate is 10%
1.Capital gain Calculation is
Capital Gains = Markup-selling costs-Stamp duty
=200000P-5000P-8000P
=187000P
upto 100000P tax is 5% =10000P*5%=5000P
above 100000P tax is 10%= 87000*10%=8700P
So total tax liabiloity is 13700P
so answer is 13700P
2. Capital gain =70000P
Tax liability =70000P*5%=3500P
so answer is 3500P
3.Capital gain =320000P
Tax liability =100000P*5%+220000P*10%=5000P+22000P=27000P
So answer is 27000P
4.no tax on this trasaction
So tax liability is 0
1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost P200,000....
1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of P200,000. He paid P5,000 broker's commission and P8,000 documentary stamp tax on the sale. Compute the capital gains tax. a. P28,050 c. P 14,200 b. P 14,500 d. P 13,700
Grayson is a 24% tax rate bracket and has sold the following stocks in 2018 Description Date purchased Basis Date Sold Amount Realized Stock A 1/23/1994 $7,500 7/22/2018 $4,700 Stock B 4/10/2018 $14,500 9/13/2018 $18,130 Stock C 8/23/2016 $11,375 10/12/2018 $16,150 Stock D 5/19/2008 $5,430 10/12/2018 $12,775 Stock E 8/20/2018 $7,475 11/14/2018 $3,625 a) What is Grayson's net short-term capital gain or loss from these transactions? b). What is Grayson's net long -term gain or loss from these transactions? c)....
Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Basis Stock A 1/23/1995 $ 7,800 Stock B 4/10/2019 15,100 Stock C 8/23/2017 12,125 Stock D 5/19/2009 5,670 Stock E 8/20/20197,685 Date Sold Amount Realized 7/22/2019 $ 4,940 9/13/2019 18,850 10/12/2019 17,170 10/12/2019 13,225 11/14/2019 3,775 a. What is Grayson's net short-term capital gain or loss from these transactions? b....
Stocks that pay relatively large cash dividends on a regular basis are called: Multiple Choice Small capital stocks. Mid capital stocks. Growth stocks. Large capital stocks. Income stocks. The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the: Multiple Choice Dividend payout ratio Dividend yield Price-earnings ratio. Current yield Earnings per share. Corporations may buy back their own stock for any of the following reasons except to: Multiple Choice Avoid a...
LION CORPORATION INCOME STATEMENT-12-31-20xX 1. SALES 2. COST OF GOODS SOLD 3. GROSS PROFIT 4. SELLING,GENERAL&ADMINISTRATIVE 5. RESEARCH & DEVELOPMENT X 6. DEPREIATION &AMORTIZATION X S 736,447 (462,000) S 274,447 S (198,000) S (20,000) (18,000) 7. OPERATING INCOME (OPERATING PROFIT) 38,447 S (4,000) 9.EARNINGS BEFORE INTEREST & TAXES (EBIT) S 34,447 (3,000) 8. OTHER INCOME (EXPENSE) 12 13 14 - 10. INTEREST INCOME (EXPENSE) 1. EARNINGS BEFORE TAXES (EBT) [PRETAX INCON S 31,447 12. TAXES 13. EARNINGS AFTER TAXES (EAT)...
Income Statement
2014
2015
2016
2017
Sales/Revenue
55.87B
55.36B
59.39B
62.76B
Cost of Goods Sold (COGS) incl. D&A
20.52B
20.65B
23.43B
23.8B
COGS excluding D&A
11.97B
11.94B
15.64B
15.68B
Depreciation & Amortization Expense
8.55B
8.71B
7.79B
8.13B
Depreciation
7.38B
7.82B
6.27B
6.75B
Amortization of Intangibles
1.17B
890M
1.52B
1.38B
Gross Income
35.35B
34.7B
35.96B
38.96B
2014
2015
2016
2017
SG&A Expense
19.69B
19.84B
21.15B
20.62B
Research & Development
11.56B
11.95B
12.75B
13.14B
Other SG&A
8.14B
7.88B
8.4B
7.48B
Other Operating...
MULTIPLE CHOICE 1) Which of the following is NOT an investment as defined in the text? A) a certificate of deposit issued by a bank B) a new automobile C) a United States Saving Bond D) a mutual fund held in a retirement account 2) Which of the following is NOT traded in the securities markets? A) stocks B) bonds C) derivatives D) real estate 3) The governmental agency that oversees the capital markets is the A) Federal Trade Commission....
Super stuck on a couple of questions on this scenario.
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